Bitcoin Short Term: our next up target stands at 109070
Apr 15, 2025 10:09 AM
our next up target stands at 109070.
Our pivot point is at 74350.
Our preference:
our next up target stands at 109070.
Alternative scenario:
below 74350, expect 61640 and 54080.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 82796 and 84324).
Supports and resistances:
124490 **
116780 *
109070 **
101360
85850 last
79350
74350 **
61640 *
54080 **
Our preference:
our next up target stands at 109070.
Alternative scenario:
below 74350, expect 61640 and 54080.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 82796 and 84324).
Supports and resistances:
124490 **
116780 *
109070 **
101360
85850 last
79350
74350 **
61640 *
54080 **
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